Hunting’s (HTG) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Hunting (LON:HTG) in a report released on Friday,London Stock Exchange reports. Canaccord Genuity Group currently has a GBX 600 price target on the stock.

Separately, Berenberg Bank reduced their price target on Hunting from GBX 580 to GBX 550 and set a “buy” rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hunting currently has an average rating of “Moderate Buy” and an average price target of GBX 530.

Hunting Price Performance

HTG opened at GBX 406.50 on Friday. The firm has a market cap of £592.12 million, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67. The company’s 50-day moving average price is GBX 457.76 and its 200 day moving average price is GBX 479.88. The company has a quick ratio of 2.08, a current ratio of 3.15 and a debt-to-equity ratio of 16.50. Hunting has a fifty-two week low of GBX 300 and a fifty-two week high of GBX 553.

Insiders Place Their Bets

In other Hunting news, insider Keith Lough bought 3,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were bought at an average price of GBX 414 per share, for a total transaction of £12,420. 3.73% of the stock is currently owned by company insiders.

Hunting Company Profile

Hunting is a global precision engineering group, which provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Our strong focus on quality assured products, supported by rigorous health and safety procedures, ensures we assist in the delivery of energy safely and it is also the basis of our standing in this critical, global industry.

Our intellectual property portfolio enables the Hunting Group to maintain a leading technology edge, so that energy projects are delivered quicker and at lower cost with minimal impact on the environment.

Our people are our most important asset.